D.R. Horton, Inc. reported first-quarter fiscal 2025 earnings, with net income attributable to the company at $844.9 million ($2.61 per diluted share), a 7% decline from the previous year. Revenues totaled $7.6 billion, a 1% decrease year-over-year, while home sales revenues accounted for $7.1 billion from 19,059 homes closed. The company reported $6.7 billion in net sales orders, a 2% drop in value, and a 21% reduction in its sales order backlog. The cancellation rate improved slightly to 18%. D.R. Horton highlighted strong liquidity with $6.5 billion in total capacity and a debt-to-total-capital ratio of 17%. The company repurchased 6.8 million shares for $1.1 billion, declared a quarterly dividend of $0.40 per share, and reiterated fiscal 2025 revenue guidance of $36-37.5 billion. Management emphasized a focus on affordable homes, operational flexibility, and disciplined capital allocation to enhance long-term shareholder value.